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Posted September 27, 2022

New Home Sales Soar 28.8 Percent for Month in August

Average sales price runs $521,800.  


The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for August 2022:

New Home Sales

Sales of new single‐family houses in August 2022 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  

This is 28.8 percent (±18.3 percent) above the revised July rate of 532,000, but is 0.1 percent (±16.5 percent)* below the August 2021 estimate of 686,000.

Sales Price

The median sales price of new houses sold in August 2022 was $436,800. The average sales price was $521,800.  

For Sale Inventory and Months’ Supply

The seasonally‐adjusted estimate of new houses for sale at the end of August was 461,000. This represents a supply of 8.1 months at the current sales rate.

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